Dockets: 2017-486(IT)G;  
017-605(IT)G;  
2
2
017-606(IT)G  
BETWEEN:  
MAGREN HOLDINGS LTD.,  
and  
Appellant,  
HER MAJESTY THE QUEEN,  
Respondent,  
AND BETWEEN:  
2
176 INVESTMENTS LTD. (as successor to Grencorp Management Inc.,  
successor to 994047 Alberta Ltd.),  
Appellant,  
and  
HER MAJESTY THE QUEEN,  
Respondent,  
AND BETWEEN:  
MAGREN HOLDINGS LTD.  
(Successor by amalgamation to 1052785 Alberta Ltd.),  
Appellant,  
and  
HER MAJESTY THE QUEEN,  
Respondent.  
Appeals heard on common evidence with the appeals of  
James T. Grenon v. Her Majesty the Queen – 2014-3401(IT)G and The  
RRSP Trust of James T. Grenon (552-53721) by its Trustee CIBC Trust  
Corporation v. Her Majesty the Queen – 2014-4440(IT)G  
Appeals heard on February 11, 12, 13, 14, 15, 18, 19, 20, 21, 22, 2019  
and September 9, 10, 11, 12, 13, 2019, at Winnipeg, Manitoba.  
Page: 2  
Before: The Honourable Justice Guy R. Smith  
Appearances:  
Counsel for the Appellants:  
Cy M. Fien  
Brandon Barnes Trickett  
Ari M. Hanson  
Aron W. Grusko  
Counsel for the Respondent:  
Ifeanyi Nwachukwu  
Tanis Halpape  
Christopher Kitchen  
Jeremy Tiger  
JUDGMENT  
In accordance with the attached Reasons for Judgment, the appeals from the  
Notices of Reassessment made by the Minister of National Revenue on November  
1
8, 2016 in respect of the 2006 taxation year, pursuant to subsection 184(2) of the  
Income Tax Act, are hereby dismissed with costs to the Respondent.  
The parties will have 60 days from the date of hereof to provide written  
submissions regarding costs. Such submissions shall not exceed 15 pages for each  
party but shall, on consent of the parties, incorporate submissions on costs in the  
appeals of James T. Grenon; 2014-3401(IT)G and The RRSP Trust of James T.  
Grenon by its Trustee CIBC Trust Corporation; 2014-4440(IT)G.  
Signed at Ottawa, Canada this 24th day of June 2021.  
“Guy R. Smith”  
Smith J.  
Citation: 2021 TCC 42  
Date: